Mehr news agency reported explosions near Bandar Abbas port and Qeshm Island, with blasts occurring some distance from the city and apparently linked to Bandar Abbas' western coast. Authorities said they cannot rule out exchanges of fire in Persian Gulf and Strait of Hormuz waters. Hormozgan provincial government said there were no reports of civilian casualties or damage to residential or commercial infrastructure from the latest U.S. strikes on Bandar Abbas and Qeshm. U.S. strikes on the south

Orient Securities' insurance report says long-dated bonds remain the core of insurers' asset portfolios as allocation shifts from pure duration extension to structural optimization. Persistently low rates are compressing coupon and reinvestment returns; lengthening duration only delays a downward shift in the yield center. The report expects most listed insurers' net investment yields to decline YoY in 2025 as high-coupon stock matures and new allocations earn lower interest. Static estimates show long-duration holdings cut annual reallocation needs but cannot fully offset low-rate pressure. Currently 30-year government and local-government bond yields remain above insurers' marginal new liability funding costs, leaving long-duration assets with coupon coverage and duration-matching value; the 30Y-10Y spread has widened markedly from 2025 lows. Insurers' allocation logic is moving to duration matching + term-premium capture + timing-driven positioning.

Iranian Students' News Agency (ISNA) reports a U.S. Navy drone command-and-control center in Bahrain was destroyed.